Now we know why President Obama is so fond of his teleprompter. Over the past month, Obama has made three major gaffes in off the cuff remarks on the economy.

First, on June 8th he said in response to a weak jobs report:

The truth of the matter is that, as I said, we created 4.3 million jobs over the last 27 months, over 800,000 just this year alone. The private sector is doing fine. Where we’re seeing weaknesses in our economy have to do with state and local government. Oftentimes cuts initiated by, you know, Governors or mayors who are not getting the kind of help that they have in the past from the federal government and who don’t have the same kind of flexibility as the federal government in dealing with fewer revenues coming in.

He retracted the "doing fine" assessment within hours. Next, on July 13th Obama said in Roanoke, Virginia:

If you’ve got a business — you didn’t build that. Somebody else made that happen.
The Obama campaign has since created two web videos claiming the quote is taken out of context and Obama himself filmed an ad trying to explain what he meant to say. Finally, on July 24th Obama told a crowd in Oakland, California:
Just like we’ve tried their plan, we tried our plan -- and it worked.
Unemployment nationally is at 8.2 percent and unemployment in Oakland, California is 13.7 percent.